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Dec 27, 2012
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in addition to the "fiscal cliff," treasury secretary timothy geithner warned congress that the u.s. is close to hitting its debt limit of $16.4 trillion. geithner saved the government will take steps to allow more burrough after december 31. danielle nottingham, cbs news, washington. >>> let's look now at the markets. stocks fell sharply by 55 and change. the drop is attributed to consumer confidence falling to the lowest level since august. >>> the storm that moved across the country pushing northeast through new england after plowing through 30 states dumping snow, sleet and spawning dozens of tornadoes. edward lawrence has the latest. >> reporter: the northeast is dig out from a giant storm that dumped more than a foot of snow in some places. >> it's the heaviest snow i can remember. it's shutting the machine down every time of you give it a little push. the ice just clogs it up. >> reporter: the storm started in california last weekend and crossed the country creating blizzards in the midwest and south. several people died in traffic accidents. and the roads remain dangerous for
in addition to the "fiscal cliff," treasury secretary timothy geithner warned congress that the u.s. is close to hitting its debt limit of $16.4 trillion. geithner saved the government will take steps to allow more burrough after december 31. danielle nottingham, cbs news, washington. >>> let's look now at the markets. stocks fell sharply by 55 and change. the drop is attributed to consumer confidence falling to the lowest level since august. >>> the storm that moved...
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Dec 27, 2012
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there's sa garcia, cbs news, los angeles, teresa garcia. >>> the "fiscal cliff" fight comes to coffee shops. how starbucks hopes to grind that debate to a halt. >> a christmas gift exposing an embarrassing mistake. the taboo discovery on a tablet computer. ,,,,,,,,,,,,,, up space? san francisco's annual "treecycling" program starts next week. >>> getting tired of your christmas tree dropping pine needles and taking up space? san francisco's annual treecycling program starts next week as do many others in the bay area. but the city and the trash company recology dragged out the chipper to show us what it does. they say all those little chips will be converted into alternative energy fuel. >> we want the tree kept separate on the curb with the regular carts. we want the trees be free of ornaments, tinsel or lights. >> last year, more than 500 tons of christmas trees collected in san francisco. the program's 26th year, starting january 2 to the 15th. >>> today is the first day of kwanzaa. there was a free concert to kick off the holiday. the tradition dates back to the '60s to honor fami
there's sa garcia, cbs news, los angeles, teresa garcia. >>> the "fiscal cliff" fight comes to coffee shops. how starbucks hopes to grind that debate to a halt. >> a christmas gift exposing an embarrassing mistake. the taboo discovery on a tablet computer. ,,,,,,,,,,,,,, up space? san francisco's annual "treecycling" program starts next week. >>> getting tired of your christmas tree dropping pine needles and taking up space? san francisco's annual...
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Dec 27, 2012
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teetering off the "fiscal cliff." can a deal be reached by the new year? >> plus, an explosive discovery in oakland. what one man found while cleaning out his basement. you won't believe it. >> and breaking news out of the east bay. an officer-involved shooting has roads blocked in one neighborhood and we're just moments away from a police update. ,,,,,, look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. what happened? me and jason came back with drinks and all 20 nuggets were gone. we got nugged. there was a nugging. this g
teetering off the "fiscal cliff." can a deal be reached by the new year? >> plus, an explosive discovery in oakland. what one man found while cleaning out his basement. you won't believe it. >> and breaking news out of the east bay. an officer-involved shooting has roads blocked in one neighborhood and we're just moments away from a police update. ,,,,,, look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start...
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Dec 27, 2012
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well, baby new year may end up going over the "fiscal cliff" with the rest of us. >> we are a few days away from the deadline. we have heard a lot about this over the last few weeks but cbs 5 reporter grace lee tells us about another downside that has to do with milk. >> reporter: if we can go over the price of milk will go up significantly because a farm bill that's about to expire and the closer we get the more likely that political analysts believe that we will go over the "fiscal cliff." so by next week could you start seeing your grocery store bills skyrocket and your paychecks plummet. the president is inding his hawaii have a -- ending his hawaii vacation early and returning tonight. >> wonderful to see all of you. merry christmas to everybody. >> reporter: congress is also coming back from a winter break tomorrow. and time is ticking down on the "fiscal cliff" clock. >> not likely to make a deal before the 1st. >> reporter: cbs 5 political analyst joe tuman says this is washington politics at its worst. >> the only thing that's going to force both sides to negotiate is going ov
well, baby new year may end up going over the "fiscal cliff" with the rest of us. >> we are a few days away from the deadline. we have heard a lot about this over the last few weeks but cbs 5 reporter grace lee tells us about another downside that has to do with milk. >> reporter: if we can go over the price of milk will go up significantly because a farm bill that's about to expire and the closer we get the more likely that political analysts believe that we will go over...
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Dec 27, 2012
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senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come together" on coffee cups to encourage compromise. >>> hawaii's democratic governor will replace daniel inoue to represent the state of hawaii in washington, d.c. inouye died of respiratory complications last week. on the day he died, the late senator wrote to the governor asking for representative colleen hanabusa to replay him. she made it to the final round of considerations but didn't win that nomination. >>> former president george h.w. bush is in intensive care at a houston hospital with a fever and lingering cough. mr. bush was admitted to the hospital more than a month ago with bronchiti
senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come...
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Dec 27, 2012
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senators are set to work today on a plan to avoid the so- called "fiscal cliff." but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is gettingismy for an agreement. its employees are writing "col together" on coffee cups in d.c. to try to encourage compromise. >>> hawaii's lieutenant governor brian shots will replace the late democratic senator daniel inouye who died of respiratory complications last week. on the day he died he wrote to the governor asking for a female representative to replace him. she made it to the final round of consideration but did not win the nomination. >>> and former president george h.w. bush is in intensive care at a houston hospital with a fever and cough. mr. bush was admitted to the hospital more than a month ago with a bad case of bronchitis. he was then mov
senators are set to work today on a plan to avoid the so- called "fiscal cliff." but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is gettingismy for an agreement. its employees are writing...